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Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: Does the Central Bank have any new powers over investment companies? Has there been any reflection on the powers of the Central Bank vis-à-vis investment companies?

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: A company might be re-registered as a plc if the company delivers certain documents to the registrar including copies of the balance sheet of the company. All the information that is required is based specifically on the balance sheet. Would it not be more beneficial to base it on all the financial statements so that things could not be hidden and that the registrar could make a full...

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: The Companies (Amendment) Act would tend to go with financial statements but things are different from how they were in 1983 in general.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: It will probably be dealt with in the baby Bill.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: Is the intention that section 1296 would not apply or does the point relate to a subsection?

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: Why?

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: I support Deputy Wallace, as there is no doubt that large companies have the resources and capacity to hide much information, no matter how much is made available. The Deputy has cited cases in the construction sphere and I am not sure about the cost argument, given the capacity for electronic filing of information. Do we have figures on the actual cost or burden of work? There is a...

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: In fairness, we are not talking about every unlimited company but rather the range of unlimited companies that have limited companies as members. They are seen as unlimited companies but underneath, there are limited companies.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: Will the Minister of State outline the background to amendment No. 124?

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: At the conclusion of these proceedings, preferably some time this week, I ask that members be provided with a list of all the proposals made by the Minister of State yesterday and today on what will be included. This is to ensure they know in advance what to anticipate as there have been quite a number of such proposals.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: In advance of that briefing session, it would be useful to have the list as the Minister of State has given it.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: This is a lengthy amendment. Will the Minister of State give the backdrop to it?

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: You were on a roll.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (Resumed) (6 Nov 2013)

Dara Calleary: Will the Minister of State explain the context of the amendment?

Written Answers — Department of Environment, Community and Local Government: Building Regulations Compliance (6 Nov 2013)

Dara Calleary: 110. To ask the Minister for Environment, Community and Local Government the provisions that are made for non-direct labour in the draft building control regulation plan; and if he will make a statement on the matter. [47238/13]

Written Answers — Department of Agriculture, Food and the Marine: Farm Inspections (6 Nov 2013)

Dara Calleary: 142. To ask the Minister for Agriculture, Food and the Marine if he will provide in tabular form on a county basis the number of unannounced farm inspections carried out in 2011, 2012 and to the end of September 2013; his views on the practice of unannounced inspections; and if he will make a statement on the matter. [47234/13]

Written Answers — Department of Agriculture, Food and the Marine: Farm Inspections (6 Nov 2013)

Dara Calleary: 143. To ask the Minister for Agriculture, Food and the Marine if his attention has been drawn to calls for an Agriculture Ombudsman to deal with farmers complaints regarding farm inspections; if he will give consideration to the idea; and if he will make a statement on the matter. [47235/13]

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Dara Calleary: The lack of formal representation being offered to the professions has been raised with us by Chartered Accountants Ireland, CAI. Stakeholders with an interest will be prescribed. Practitioners and those with an interest in accounting matters should have formal representation on the board of the IAASA, as opposed to being there at the discretion of the Minister.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Dara Calleary: Their view is that, under section 908, the size of the IAASA board is being reduced from 14 to eight. There will be two nominees from the accountancy sector and the remaining board membership will be made up of nominees from various agencies.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Dara Calleary: I apologise. It is for business users.

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